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Guest

u/w said my voe was fraud and red flagged it.i been at my job for 16 yrs.
can that be reversed?

gmakerley · Posted: Fri Nov 07, 2008 12:17 pm Post subject:

the very simple answer to your question ought to be "yes."

however, lacking any details about what it is that was found, i would be unable to certify that yes answer. what was it that the underwriter found? do you have that information?

Guest

they said my voe was fraud because i sent it in my self to speed up process.they never done a vo by phone or voe by faqx??

gmakerley · Posted: Fri Nov 07, 2008 12:41 pm Post subject:

and did you send it in yourself? if so, that's fraudulent. one cannot verify one's own employment.

Guest

my hr dept filled it out. all i did was fax it to processor?

Posted: Fri Nov 07, 2008 1:02 pm Post subject:

how in the world did they discover that you were the individual who faxed it? and why would the hr department give it to you to fax back? they ought to know that's not the rule.

gmakerley · Posted: Fri Nov 07, 2008 1:03 pm Post subject:

how in the world did they discover that you were the individual who faxed it? and why would the hr department give it to you to fax back? they ought to know that's not the rule.

this is me, of course - forgot to log back in

Guest

can that be reversed? what are my options?everything is lagitt.

gmakerley · Posted: Fri Nov 07, 2008 1:30 pm Post subject:

maybe you need to have your hr department speak with the loan officer, and perhaps through the lo to the underwriter.

these are hard times in the mortgage world - underwriters are afraid to inch out on a limb, let alone step out, so decisions are far more conservative than we used to see. i wouldn't be surprised to find this underwriter stick to his or her guns. you may have to find a new lender, but see what you can work out with this one first.

jameshogg · Posted: Sat Nov 08, 2008 12:01 am Post subject:

Hi homlessin la!

I feel that you should seek a different lender and this time when there is a VOE, you can ask your HR department to fax it to the lender. I agree with George M. Akerley that with the recent developments in the mortgage markets, lenders have become very cautious about giving loans.

Thanks.

jveenstra · Posted: Mon Nov 10, 2008 11:28 am Post subject:

If everything is legit, the simplest thing to do would be to apply with another lender or, if the loan officer with whom you are dealing has access to another lending source, let him do it. You can, of course, have lengthy conversations with the underwriter and document and write a lot of stuff and you may be successful, but, easier to just apply elsewhere.

bearboysj · Joined: 25 Oct 2008 Posts: 42 17.02 Dollars($)

It is never acceptable under ANY circumstance that a borrower assist in the process of document, income, form, etc verification. If any broker/lender/anyone asks you to hand carry or intervene on getting a form faster that would involve your physical hand on the document, you should always say no.

Being an underwriter as long as I have, if the company who denied you for fraudulent VOE is probably also looking at broker/loan officer to see if their processes allow for this kind of activity on a daily basis.

My suggestion unfortantly would be to look at different lender and hope they don't go to the same bank for financing.

Guest

IF BEHIND IN PROPERTY TAXES, HOW FAST CAN THEY FILE AN NOD ON THE PROPERTY AND HOW FAST CAN THEY TAKE IT..

jameshogg · Posted: Tue Apr 19, 2011 10:24 pm Post subject:

Hi Guest,

Normally, the lenders will take actions immediately. On the other hand, the lender may even pay off the property taxes on your behalf and raise your monthly payments in order to recover their dues.

Thanks

gmakerley · Posted: Thu Apr 21, 2011 10:49 am Post subject:

I think we've seen the latter circumstance to be more prevalent. Lenders would rather not foreclose, contrary to some of the gloom-and-doomers who maintain they make money when foreclosing.

To pay the taxes, provide you with a specified time in which to pay back that amount and establish an escrow account for the future, is a far better way to handle delinquent and/or defaulted taxes to begin with.

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